Holy shit, I had to stop reading part way through the pedo section cause it just kept going and going. Roblox is fucked up.
Wait until you find out about the child labour stuff.
There may not be sweatshops in the developed world, but you can bet your ass a lot of roblox "dev studios" are really just one or two adults, exploiting a bunch of kids for free labour via discord.
Oh, and then there's the fully integrated speculative market for assets and cosmetics, where ten-year-olds gain and lose thousands of real dollars in robux.
The ecosystem around Roblox is a complete shitshow that no sane parent should allow a kid anywhere near.
The company has reported net losses every quarter since becoming a public company, with last twelve months (LTM) losses totaling $1.07 billion.
it's crazy that that's feasible and not already an issue. And for such a super popular platform. If it's not profitable now, when will it be?
When did it go public?
Roblox went public on the NYSE via a direct listing on March 10th, 2021, and has a current market capitalization of ~$27 billion.
Interviews reveal Roblox effectively has two sets of books for counting users: one for internal business decisions, in which multiple accounts are ‘de-alted’, and one used by the finance team that reports higher metrics to investors.
To better understand the company’s reported engagement, we hired a technical consultant that monitored the top ~7,200 Roblox games across ~2.1 million Roblox servers, collecting 297.7 million rows of real-time player data.
They did extensive, founded analysis.
As always.
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